Tuesday, May 30, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Biz Plus

BPOs expected to sustain expansion

Othel V. CamposbyOthel V. Campos
September 23, 2022, 7:55 pm
in Biz Plus, Business
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

Business process outsourcing companies in the Philippines will sustain their expansion as they take advantage of the country’s vast talent pool, Colliers Philippines said in its latest market report.

Colliers said the BPO sector is a powerful driving economic force, first as a job generator and then as engine of growth in transportation, telecommunications, hospitality, and retail sectors.

The report underscored the contribution of the five largest business process management companies operating from the Philippines to revenue and employment generation.

It said with the Philippines continuing its path in supporting the demand of outsourcing companies, it would also sustain its stature as an ideal investment hub.

The report said among the biggest BPM companies in the country, Concentrix Philippines leads in terms of employment with 90,000 full-time employees. It is followed by Accenture Philippines with 72,000 FTEs; Teleperformance Philippines, 55,266; Alorica Philippines Inc., 55,000; and Sitel Philippines, 37,000.

Colliers said in terms of revenue, Concentrix generated $5.58 billion in 2021, including $1.34 billion that came from its Philippine operations. The top BPM firm expects a tightened global revenue rate of between $6.36 billion and $6.41 billion this year.

Accenture is also one of the biggest BPO companies in the Philippines specializing in providing IT services. The Dublin-based consulting company reported an annual revenue of $50.533 billion in fiscal year 2021 and $16.6 billion in the third quarter of fiscal year 2022, which ended on May 31, 2022.

Teleperformance is another BPM giant in the Philippines delivering digital integrated business service and experience management to clients. In 2021, Teleperformance reported a consolidated revenue of $8.4 billion in 2021.

Meanwhile, Alorica’s peak revenue was $2.4 billion in 2021, while the Sitel Group reported global revenue of over $4 billion in 2021.

Colliers said that based on the first-half of 2022 data, Concentrix had the biggest office footprint of 241,403 sq. m. in Metro Manila and 98,729 sq. m. in the provinces, with a total area occupied of 340,132 sq. m.

The company has significant investment in the provinces, particularly in Angeles, Metro Cebu, Davao City and Naga, taking advantage of the huge talent pool these locations provide.

Accenture ranks second in terms of office space occupied. The company has a total office footprint of 196,290 sq. m. based on Colliers’data. Of these, 167,868 sq. m. are located in Metro Manila and 28,422 sq. m. in Metro Cebu.

Teleperformance recorded an office footprint of 164,650 sq. m. in the Philippines, including 113,250 sq. m. in Metro Manila and 51,400 sq. m. in the provinces (Cavite, Baguio, Metro Cebu, Bacolod, Davao City and Cagayan de Oro).

Alorica has total office space occupied of 162,641 sq. m. including 127,293 sq. m. in Metro Manila and 35,348 sq. m. in Angeles, Metro Cebu, Davao City, and Ilocos Norte.

JPMorgan Chase & Co.’s BPO operations in the Philippines ranks 5th in terms of office space occupied. It occupies 102,650 sq. m. of leased space in Metro Manila and 22, sq. m. in Cebu City.

Tags: Accenture Philippinesbusiness process outsourcingConcentrix Philippines
ADVERTISEMENT
Othel V. Campos

Othel V. Campos

Related Posts

URC set to acquire idle equipment of Batangas sugar firm

byOthel V. Campos
May 30, 2023, 8:25 pm
0
8
URC closes purchase of Malaysia’s Crunchy Foods for P22.9 billion

By Othel V. Campos Universal Robina Corp. said Tuesday it is acquiring the idle sugar milling machinery and equipment of...

Read more

New transmission line to avert power outages this year

byAlena Mae S. Flores
May 30, 2023, 8:20 pm
0
8
Meralco announces P0.31 per kWh hike in December rates

Power retailer Manila Electric Co. said Tuesday the completion of the Hermosa-San Jose transmission line and the onset of the...

Read more

Businessmen form new company to harness PH rare earth elements

byManila Standard
May 30, 2023, 8:15 pm
0
8
Banaag assumes post as Bright Kindle director

A group of Filipino entrepreneurs formed a company to harness the country’s vast precious rare earth elements and pave the...

Read more

MOVE IT discloses plan to increase Metro Manila riders to 15,000

byDarwin G. Amojelar
May 30, 2023, 8:10 pm
0
8
Move IT bares plan to hire about 6,000 motorcycle drivers

MOVE IT, a homegrown Filipino motorcycle taxi provider, said Tuesday it plans to hire more driver partners in the next...

Read more

PSE incurred P189-m tax deficiency in 2019—BIR

byJenniffer B. Austria
May 30, 2023, 8:05 pm
0
8
PSE approves P8-b stock rights offering of DITO CME; Figaro Coffee postpones IPO to January 2022

The Bureau of Internal Revenue assessed the Philippine Stock Exchange with P189.2-million tax deficiency incurred in 2017. The PSE said...

Read more

Maynilad replacing 477 km of old pipes over 5 years

byOthel V. Campos
May 30, 2023, 8:00 pm
0
8
Maynilad receives award on energy use

West zone concessionaire Maynilad Water Services Inc. is replacing 477.2 kilometers of old, leaky pipes over the next five years...

Read more

Print Edition

View More

Recent Posts

  • URC set to acquire idle equipment of Batangas sugar firm
  • New transmission line to avert power outages this year
  • Businessmen form new company to harness PH rare earth elements
  • MOVE IT discloses plan to increase Metro Manila riders to 15,000
  • PSE incurred P189-m tax deficiency in 2019—BIR
  • Maynilad replacing 477 km of old pipes over 5 years
  • Producer price index posted slower growth of 2.3% in April
  • Stocks, peso tumble ahead of US debt vote

Advertisement

Latest News

Maynilad replacing 477 km of old pipes over 5 years

byOthel V. Campos
May 30, 2023, 8:00 pm
0
8
Maynilad receives award on energy use

West zone concessionaire Maynilad Water Services Inc. is replacing 477.2 kilometers of old, leaky pipes over the next five years...

Read more

Producer price index posted slower growth of 2.3% in April

byJulito G. Rada
May 30, 2023, 7:55 pm
0
8
2022 trade deficit hit record $58.3b, imports surged 17%

The producer price index for manufacturing, which measures the average change over time in selling prices received by domestic producers...

Read more

Stocks, peso tumble ahead of US debt vote

byManila Standard
May 30, 2023, 7:50 pm
0
8
Stock market surges; PLDT, Globe advance

The stocks market and the peso tumbled Tuesday as investors traded nervously while watching Washington, where lawmakers are expected to...

Read more

SEC drafts rules on agriculture companies’ share sale

byJenniffer B. Austria
May 30, 2023, 7:45 pm
0
8
SEC stops accepting new online lenders

By Jenniffer B. Austria The Securities and Exchange Commission said it is drafting the guidelines to ease the process for...

Read more

GCG pushes amendments to GOCC Governance Act of 2011

byJulito G. Rada
May 30, 2023, 7:40 pm
0
8
Bank loans expanded 10.1% growth in March

By Julito G. Rada The Governance Commission for Government-Owned or -Controlled Corporations is seeking to strengthen its mandates through amendments...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App